Tag Archives: IRS form 8801

IRS Form 8801: Credit for Paying the AMT

Alternative Minimun   August 7, 2013   Comments Off on IRS Form 8801: Credit for Paying the AMT
Tax

Sometime you can get credit on your federal income tax return for having paid the AMT in previous years.  If you paid AMT in the past, and if you paid it for a certain reason explained below, you may be eligible to use IRS form 8801 to get an AMT… Read more »

If the AMT Rate Kills You One Year, Hope Exists in a Credit Next Year

Alternative Minimun   May 20, 2013   Comments Off on If the AMT Rate Kills You One Year, Hope Exists in a Credit Next Year
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The Alternative Minimum Tax is not something anyone wants to fall victim to, but at least the rate cannot go as high as the regular tax.  When figuring your tax, the rate under the AMT system may turn out to be lower than your regular rate, so even though you… Read more »